It can prove to be challenging to answer the question, is funeral insurance only for elderly people? The age for adults to be considered older will vary depending on who a person asks. For instance, teens are likely to say that their 30-something moms and dads are old. Meanwhile, those same mothers and fathers will probably consider grandmas and grandpas 65-years of age or older to be elderly.
Anybody Can Die At Anytime or Anyplace
It is never too early for a person to start thinking about death. Of course, that does not mean that they should become stressed out and overwhelmed by the topic. Living life too cautiously can be more of a hassle than its worth. So, do the things you love and enjoy, but just remember, accidents can happen at any time. Thus, not pondering the notion can prove to be a monumental mistake.
If something occurs, family members are not only left behind to grieve and mourn, but they also regularly run into financial hardships trying to pay for the funeral, burial, or cremation. After all, the cost of a traditional service and burial is over $7,000 easy. For those that choose the cremation route, they should expect to spend anywhere between $2,500 and $6,000 or more. However, if a person is young when the loss of life occurs, they probably won't have insurance to cover the expenses. Older people don't have this problem.
Who Qualifies For Burial Insurance?
Most insurers have burial insurance plans available to people between the ages of 45 and 85. So, if somebody considers 45 to be elderly, then, yes, for them, it would appear that the coverage is only for elderly persons. To each their own though is what folks say. Almost every applicant that applies is approved. There is no medical exam required, which means the candidate doesn't have to be subjected to needle pokes, unwanted tests, or other undesirable events. Rather, individuals usually only have to complete a phone interview and answer a questionnaire to receive coverage.
What Is The Payout Of A Burial Insurance Policy?
The total amount of coverage depends on the plan a person picks. For example, most providers offer these policies with a payout of between $2,500 and $25,000. Many researchers suggest that individuals go with one of at least $10,000. Then, they should have enough to pay for their funeral or cremation costs, without letting the burden fall on the shoulders of their loved ones. Buying burial insurance gives the insured party peace of mind in knowing that they did the right thing to prevent their family from having to sell vehicles, property, or other items to come up with the funds for their final expenses.
So, whether you are in your 40s, 50s, 60s, 70s, or 80s, don't delay any longer. Instead, get a burial insurance quote today. The coverage is not only for elderly people, but rather, it is for older, mature adults who are ready to protect their families from financial hardships when their time comes.
Whether you believe you are elderly or not, give us a call to discuss your burial insurance options.